Columnist blasts financial media about housing
May 7th, 2008 Categories: Real Estate News
A recent column in the Realty Times claims consumers aren’t getting the whole story about the state of our housing market and the economy. This doesn’t come as a surprise to me. The part that really drives home her point focuses on the Case-Shiller Index, often thought to be an accurate indicator of the housing market nationwide. It seems that the AP didn’t do their fact checking before writing their headlines: “The glaring discrepancy in this case is that 17 of the 20 metro areas posted record annual declines, and yet 78 percent of the 330 metropolitan regions that the NAR tracks reported price increases … .”
It’s apparent to anyone with a TV or internet connection that the market has slowed, but I can’t help but think the media has exaggerated just a bit.
Jennie
Terri
Jeremy
Miranda
Amy
Vicky
